Volkswagen continues to pay for its role in Dieselgate, in which it was caught rigging the results of tests to determine whether its cars’ emissions were low enough. The most recent setback, though the company has welcomed the outcome, was VW’s agreement to pay €9m with the German courts in order to end a suit against it for failing to inform shareholders about the scandal in time. CEO Herbert Diess was charged with the crime along with the company’s non-executive Chairman Hans Dieter Poetsch. VW was caught using software to cheat on tests of its diesel engines in the United States and when news of the scandal hit the news, the company’s share price tanked. The €9m VW has agreed to pay to end the legal proceedings against it in this case pale in comparison to an estimated €30bn it’s already had to pay out in damages and in fines levied by the United States authorities.
